Rising oil prices and attractive dividend yield underpin UOB Kay Hian Research’s positive view for CSE Global, with analyst John Cheong upgrading the counter to ‘buy’ with a higher target price of 68 cents from 53 cents previously. “We believe CSE Global (CSE) is well-positioned to leve...

UOB Kay Hian (UOBKH) has upgraded CSE Global to "buy" with a higher target price of S$0.68 compared to S$0.53 previously, as it believes the technology solutions provider's oil and gas segment could be "turning a corner with the rise in oil prices".

KGI Securities analyst Joel Ng has upgraded CSE Global from ‘neutral’ to ‘outperform’ with a higher target price of 61 cents from 52 cents previously.  The upgrade comes as Ng views CSE accelerating its transformation into a key infrastructure player in Singapore and Australia, whi...

KGI Securities on Wednesday upgraded CSE Global to "outperform" from "neutral". The research team also raised its target price to S$0.61 from S$0.52.

Following a correction period in February, DBS Group Research sees the Straits Time Index (STI) picking up in the coming months, in-line with a strong March-April seasonal trend as well as an improved outlook for banks and upcoming ex-dividend period. The STI has rebounded from a low of 2,870 in Feb...

Despite a difficult year for oil and gas where prices cratered into negative territory, CSE Global has outperformed analyst expectations as it recorded a net profit of $28 million in FY2020 ended December. This is 14% more than DBS’s estimates of $24.5 million.  “CSE’s Infrastructure and ...

Engineering firm CSE Global has reported revenue of $502.8 million for FY2020, up 11.3% over FY2019. Thanks to better margins, the company’s earnings increased by 16.4% y-o-y to $28 million. Lim Boon Kheng, group managing director calls the FY2020 numbers commendable. “However, the current marke...

DBS Group Research is maintaining its "buy" call on CSE Global with a S$0.55 target price after the technology solutions provider's announcement on Wednesday that it had secured S$98.4 million in new orders for the fourth quarter ended December.

THE following companies saw new developments that may affect trading of their securities on Thursday:

TECHNOLOGY solutions provider CSE Global has secured S$98.4 million in new orders for Q4 ended December, down from S$230.1 million in new orders bagged in the same period a year ago.